Story Protocol Tokenizes Maroon 5 & Katy Perry Song Rights
Story Agreement recently announced the acquisition and Tokenization Partial copyrights of two hit songs: “Nobody’s Love” by Maroon 5 and “Daisies” by Katy Perry.
Bringing the copyrights of Maroon 5 and Katy Perry to the blockchain could open up a new wave of investment, making it easier for investors to access the music copyright department. But, does the trend toward real-world assets (RWA) in the music industry have potential?
Story Agreement drives Maroon 5 and Katy Perry’s songs
according to Official announcement from Story Agreement (IP) ARIA protocol (part of the story ecosystem) has been acquired and given a portion of the copyright to obtain a portion of the copyright of Hit Songs, while the love of Maroon 5 and Katy Perry by Katy Perry by Katy Perry by of to nose the Maroon.
Maroon 5 and Katy Perry’s choices may have stemmed from their status as top artists with a large fan base. Maroon 5 won three Grammy Awards and sold 135 million records worldwide, while Katy Perry sold over 100 million records and owned multiple diamond-certified singles.
“Katy Perry and Maroon 5 are not only the top spot, but also the portfolio is outperformed.” Comment X user.
Nobody’s Love and Daisy have high streaming numbers, resulting in sustainable passive income. Copyrights of these songs are marked, and rights can be divided into digital tokens that investors can trade or hold.
The move is part of a broader plan to acquire over 50 copyrights from major artists, including Blackpink, Miley Cyrus, Justin Bieber and more Announce By story agreement.
Does music copyright tokenization have real potential?
As Beincrypto emphasizes, the real world tokenization Refers to the process of conversion Digital tokens that physical or intangible assets enter the blockchain. According to Coingecko data, the market value of RWA-related projects exceeded $32 billion as of press time.
“It is obvious that the world’s largest financial market infrastructure sees the capability of the DLT/blockchain industry around various forms of RWA tokenized counterparties, which is a huge opportunity,” he said. explain Sergey Nazarov, co-founder Chain links.
and, Safety Symbol market recent predict By 2030, the tokenized RWA market can reach $30 trillion, including leading sectors including securities, real estate, bonds and gold.
According to the World Intellectual Property Organization (WIPO), the economic value of intellectual property (IP), including copyrights, patents and trademarks (including 38% of global GDP, equivalent to more than US$300 trillion per year) (based on global GDP exceeding US$8-10 billion). The copyright industry (music, movies, books) alone is about $5.8 trillion.
Despite its enormous value, the IP industry remains one of the categories with the least liquid assets. Purchasing, licensing or evaluating IPs is often complex, time-consuming, and dependent on legal intermediaries. Tokenized IPs can enable more transparent, efficient transactions and management through digital tokens, which makes the story protocols designed to address potential departments.
Story Agreement Future Opportunities and Challenges
Although there is no denying the potential of RWA in the IP industry, the Story Agreement still faces significant challenges in capturing this market. First, the story is not the only RWA-centric project.
Competitors like ondo Finance (ondo chain), centrifuge and Makerdao have been established to exist. The story protocol is still relatively small and has only recently launched its mainnet, meaning it must prove its unique advantage in the IP niche.
Secondly, IP IP requires legal recognition from organizations such as WIPO and comply with the Berne Convention. Without overcoming these legal barriers, story agreements may struggle to attract major intellectual property holders.
The transformation of the story agreement is to align the copyright of popular songs with its wider entry into the IP industry. However, success in this field will require demonstrating its effectiveness and overcoming legal and market adoption challenges.
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